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Turkish rebar exports up 12 in August

The Turkish rebar exports totaled 632,205 tons during the month of August 2015. The combined exports during the initial eight-month period totaled 4.84 million tons.Turkish rebar exports up 12% in August
ANKARA (Scrap Monster): The monthly import and export statistics released by the Turkish Statistical Institute (TUIK) indicates that the country’s rebar exports edged higher during the month of August this year.

The country’s rebar exports totaled 632,205 tons during the month of August 2015. This is higher by 12.2% when compared with the exports during same month the previous year. The Turkish rebar exports had totaled 563,462 tons during August last year. The value generated by rebar exports totaled $256.86 million, significantly lower by 17.9% when compared with $312.86 million during August last year.

The rebar exports during the eight-month period from January to August this year totaled 4.84 million tons. The combined exports were down by 3.76% when compared with the corresponding eight-month period in 2014. The Turkish rebar exports had totaled 5.03 million tons during January to August last year.

The largest export destination of Turkish rebars during the initial eight-month period in 2015 was the UAE. The Turkish rebar imports by the UAE totaled 1.02 million tons, accounting for over one-fifth of the total rebar exports by Turkey during this period. The second largest importer of rebars from Turkey was the US. The US rebar imports from the country totaled 871,214 tons. In third place was Iraq with imports of 468,845 tons.

The value generated by rebar exports during Jan-Aug ’15 totaled $2.17 billion, significantly lower by 23.7% when compared with $2.84 billion during the initial eight-month period in 2014.

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